Quick short-term funding to help you bridge the gap.
If you borrow R2,000 over 1 month at an interest rate of 3% per month:
- Initiation Fee: R165 (plus 15% VAT = R189.75)
- Service Fee: R60 (pro-rated if the first month is shorter)
- Interest: R60 (3% of R2,000)
Total RepaymentR2,309.75
This equals a representative APR of 36%.